US stocks rise as Fed signals potential rate cut in September, with target up and Macy's down.

From Investing.com: 2024-08-21 14:44:44

U.S. stocks gained as Fed signals September rate cut
The “vast majority” of Fed members signaled a rate cut may be coming next month. Stock indices rose slightly after softer labor market data. Chair Jerome Powell to speak at Jackson Hole symposium Friday.
Payrolls revised sharply lower amid Fed policy uncertainty
Bureau of Labor Statistics revised down March 2024 employment gains by 818,000. Markets watch for Fed’s next move at September policy meeting. Goldman Sachs forecasts up to 1 million fewer jobs than reported.
Target up, Macy’s down on earnings; Keysight shines
Target stock rises 12% on raised profit forecast, strong sales. Macy’s stock falls 11% as consumer weakness hits sales. Keysight Technologies surges 12% with strong earnings beat. La-Z-Boy stock drops 4% on weaker guidance.
JD.com falls on Walmart stake sale; Ford scales back EV plan
JD.com stock slides over 5% on reports of Walmart selling stake. Ford gains 1% after scrapping three-row electric SUV plan. Ford delays new F-150 rollout due to softer demand.



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